Brief: Sivers Semiconductors Unit Signs $16.4 Mln Strategic Development Agreement

Sivers Semiconductors AB

05/12/2022 06:54

Dec 5 (Reuters) - Sivers Semiconductors  SIVEH.ST :
    * SAID ON FRIDAY BUSINESS UNIT, SIVERS WIRELESS, SIGNED A
STRATEGIC DEVELOPMENT AGREEMENT WORTH $16.4 MILLION WITH A
EUROPEAN SATELLITE COMMUNICATIONS COMPANY
    * AGREEMENT INCLUDES DEVELOPMENT OF SEVERAL CHIPSETS FOR
SATELLITE
COMMUNICATION GROUND TERMINALS
    * THE LONG-TERM PARTNERSHIP IS EXPECTED TO LAST LONG PAST
2030
WITH SIVERS' CHIPS BEING USED IN A GROWING NUMBER OF TERMINALS
FROM 2023 AND BEYOND
    * DEVELOPMENT ACTIVITIES FOR THIS AGREEMENT STARTED IN
AUGUST 2022
AND ARE PLANNED TO RUN THROUGH JULY 2024 
    * IT IS ESTIMATED THAT THE BULK OF THE WORK AND REVENUE WILL
BE
RECOGNIZED IN 2023 
    * THIS WORK IS EXPECTED TO BE FOLLOWED BY VOLUME
DEPLOYMENTS,
STARTING IN 2024 OR 2025 FOR THE SECOND-GENERATION TERMINALS

        
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